Taiwan blocks Foodpanda’s $950 million deal with Uber over competition concerns – Trendy Blogger
Taiwan’s Fair Trade Commission (FTC) has blocked Uber Technologies’ $950 million purchase of the island’s Delivery Hero subsidiary Foodpanda, citing competition concerns. The Federal Trade Commission announced the decision on Wednesday, stating that the deal would hurt competition in the market by eliminating rivalry between Taiwan’s main food delivery competitors, UberEats and Foodpanda. The merger … Read more